A council rep of the Presidency of Iraq said: WE MANAGED THE APPROVAL OF THE BUDGET IN RECORD TIME AND IN A SPIRIT OF COOPERATION….Why do I say this? That spirit of cooperation is a high form of security – and RECORD TIME? IMO they’re about 3 weeks ahead of our study and they’re constantly rubbing it in.
What did we tell you to look for on the 16th – Well, you said to look for the tax and tariffs on the 15th but changed it and said to look for the LD’s…and yeah, I think so, with that kind of a budget and auction we just talked about….then on the 16th —something else – use keywords:
Look for…..to go for a RATE HIKE…wouldn’t it be interesting to get a rate hike there and with the dinar simultaneously on the 16? What did we say would happen on the 16t? – Post it (chatroom) – Looks like you don’t know – it’s in your notes….
No – do not use the USD on Dec. 31st – What did we say between the 15th-16th – 17th? A rate change, but be more specific. We were…right on the money.
Whoa……Sharon B. …….Congratulations! ANOTHER FEATHER IN THE CAP FRANK 26,
ON Dec. 16th at 2pm EST, the FED RAISED THE INTEREST RATE BY 25%. WELL DONE!!!! You told me that on our phone conversation back on Dec. 5th while we were shopping at Walmart ….HA HA HA!!! (Frank shows his phone.) Yeah…..Yeah.
My opinion…both sides raised the rate today.....Thank God it’s just my opinion and we told you this a long time ago…and on this day, we also tell the IMF – sure, go ahead and give us a government overhaul. It’s our turn now.
– I’m done….I hope we hit the points hard.
DELTA is not going to talk that long – but he wants to tell you from his point of view about the budget, how it went through, the excitement, the unity, what’s in it…and to tell you the potential of what it could mean because it has to carry a new rate.
Tell the family about an 81 TRILLION BUDGET PASSED TODAY IN GREAT SPIRIT AND EXCITEMENT.
DELTA: Yes, it’s very good news…unbelievable…like they have said…expect the unexpected. The government of Iraq has a budget and before the end of the year, it’s a time…it’s amazing…the 81 trillion …it’s very significant for them to pass the budget.
A couple of days Maliki’s coalition was trying to stop the Kurds from getting 17% but thank God it wasn’t stopped…that could have been a problem and have more and more delays…but thank God everything’s working amazing towards our investment. And we all know the budget is very important.
So, what’s going to happen, some of you may know….Let me explain…..after the budget is passed in the Parliament…..it will go to the President and he has up to 15 days to ratify it and sign it……then send it to the Gazette, but this budget is going to be effective JAN 1, 2016…..this is really significant!
I was really so happy.....and my friend in Iraq, the media…..all of them are so happy. For the first time the Parliament passed the budget way ahead of time.
A lot of good stuff happened…..the budget passed for the first time – and the feds raising the interest ¼ %.....the reason they didn’t raise it because the US economy wasn’t strong??
But something big and huge is going to happen.....they don’t know about the IQD and are shocked as to what happened.....a lot of people don’t know that something big is coming soon which we all know is the IQD…and the most people hold dinars in the US.....as soon as people start talking about exchanging,…..it’s going to stimulate the economy buying houses, cars, employment.....and you’ll quit your job and other will fill your job…only those people holding dinar understand that.
Look at the action.....it doesn’t make any sense, but you, me and everyone who’s invested knows what’s going on. It’s amazing how when God opens everything….He’ll do it with a blink of the eye and it looks like everything really opening very nicely.....for those who waited so many years with so many frustrations.....and how many times Frank and my sister in Christ talked and met in Las Vegas.....and said when we met last time it was the best time ever and talked about this and wanted it to happen for a lot of people.....and finally, something is going to happen.....it’s not if it’s WHEN it WILL happen.
Also, the Congress is about to pass the IMF reforms….President Obama agreed on that but the Congress hasn’t agreed on it.....it was on hold, but something could happen behind closed doors.....and for them to accept China in the basket, remember, the US has the power of the IMF.....so for them to accept China in the SDR basket next year gives you the indication that everything works actually very nicely and with zeal. Everybody is going to benefit.....that’s why you see them working very smoothly.
I believe why the budget is important is because the CBI couldn’t move the rate dramatically to 1182 on Dec. 1st – when the Parliament works on the budget with an exchange rate otherwise they couldn’t move forward.
Other major thing that happened 3-4 days ago…the Anti-Money Laundering law was very important too because the CBI couldn’t move.....With that law they can basically work now.
I’m so excited for you, me, for everybody.....especially the KTFA family. We had to be very patient…like a lot of you – waiting so long…we stated on the CC so many times that this is not for everyone. We had said that if you cannot handle this investment, either sell your dinars or put it aside because it’s not for everyone…it takes patience.
FRANK: This 81 trillion.....that’s a large number. Do you remember what the number was for their budget was last year.
DELTA: I think it was 120 dollars or 30 trillion dinars.
Frank: I think they’re being more realistic.....they could come out 1:1.
DELTA: If you go to the IMF history – the previous record was 3.22 and if you add the inflation we should get very close to 3.60-3.70 – or $4.00. This is the natural rate for them. So, yeah, they can come up with 1:1.....and they have to come up higher.....even if they come up to more than 1 penny than the dollar, it’s going to be better.
The target goal for now is to come up more than 1:1.
Frank: I agree….Let’s say they do this on the 1st and they come out at 1:1 and they open the budget, got the tax and tariffs, got the codes, money coming in and everything’s good—it’s free floating. How long do you think it’ll take to go from 1:1 to 3:1?
DELTA: It could take 1 week to 1 month because they’re going to do a free float and you have a lot of investors and a lot of demand. Maybe the plan is 1 year for the numbers they’re looking for but I’m telling you as soon as this revalues, investors will be jumping on the dinar, but IMO I don’t think it would take more than a month. One week.....to a month, is my opinion.
Frank: Here’s what I’m thinking….I’m putting myself in the brain of Dr. Shabibi. Let’s see….I know there’s a lot of excitement for our country and a lot of anticipation and a longggg line of business and things that have been in place when they go international.
Because of that, if they free floated, it’s going to be fast…it’s going to climb fast. But if I manage it or control it myself, it’s going to go at a slow pace – what is it 2% or something like that. That’s ridiculous…! So, the fact that he’s putting it at a free float has such quick flexibility – a month is possible.
Someone asked if the broker is selling dinars when it goes to 1:1……Yes. Who’s going to buy it…….Not you! But when it shows the first signs of an RV and actually shows life and the proof of it I promise you the whales and sharks will move in and buy it. Why……because they can afford to do that.
The way you’re treating this investment and the way investors think of this is totally different. We went by blind faith.....rumors, histories of Kuwait.....this is not the way to invest in a currency. So, it’s telling me that this is going to be fast because if this was anything but a free float, jiminey crickets – you have to take 1 step forward and 2 steps backward.....it would take forever!
DELTA: What’s going to happen is that a lot will jump in – the IMF and CBI don’t even know how high it will go up…because this is what they’ve been waiting for. So many times we said as soon as this goes international, you’re not going to believe what happens. You’ll be surprised.....shocked.....scratching your head and even the people who knew about it are going to kick themselves.....they’re going to be so disappointed they didn’t join in.
To comment about your broker selling…like any other currency.....they sell the Chinese Yuan and other currencies.....and the IQD will be on the FOREX too…online.....the value goes to more than 2-3-4 trillion dollars.....once it becomes international, they’ll make good money.
Frankie, you made a good point about everybody knows that they’ll jump in because there’s a potential of making 100% or whatever.....and the stock market in Iraq.....the 2 articles that came out about the stock market coming out like London.....and planning to open to the world.....waiting for this to happen 6-7-8 months ago, but we all know what happened.
Frank: Timing…yes! It’s amazing!
I mentioned this on Monday’s CC ,.....the Finance Committee member, her name is Tamimi.....she actually put it up on our forum and said on Dec. 6th – last week – in a report put on our forum.....Yeah. the old rate was 3.30 – Actually she was wrong – it was 3.20 but I didn’t want to argue with her….She said, did you know WE NEVER ACTUALLY CANCELLED THAT RATE? THAT RATE IS JUST SITTING THERE WAITING FOR US TO PUT IT BACK UP ONCE WE’RE OUT OF THE SANCTIONS AND ARE INTERNATIONAL.
Holy Cow….IMO that free float tells me a lot.....it’s going to travel at the speed of light. And on top of that, deep in my heart, and I’m very adamant about this….they’re going to CAP it and that’s why this is free floating.....but they’ll CAP it when it gets to $3-4 dollars or whatever they want, but the fact that it’s free floating tells me that the CAP isn’t going to go deep into the year. Let’s see what happens.
Yes, I’m happy – I’m excited. I thank you, brother!
Frank26: Hey, is this the FIRST TIME THEY’VE HAD A BUDGET RELEASED LIKE THIS?
DELTA: Yes, remember it was in Feb or March when Abadi was in after Maliki and it took him a year…remember when they didn’t pass the budget – they used the budget from the year before.
Frank: Yeah.......it looks like there’s too many “coincidences”.....and it’s adding up. NO! What’s happening with the US and Iraq who have been together for almost 12 years, we’ve been in bed with them.....in their kitchen.....everywhere in this country and you’re telling me it’s a coincidence that we pulled a budget when they pulled a budget? You’re telling me today when the Federal Reserve jacked up the interest rates.......and IMO we’re going to start to see the LD’s travel through the banks of Iraq through their auctions…it’s adding up to be something very solid.
And you’re telling me that our president is balancing our budget.....that hasn’t happened since Clinton did it.....you know, when we had our windfall from Kuwait. (when they RV’d).....and paying part of our deficit.....that’s impossible with our economy. NONE of this makes sense!! This is a manipulation of a masterpiece.
I love you brother and thank you for coming tonight. I’ll talk to you tomorrow.
DELTA: I love ya brother.....and you family.....I’ll talk to you soon.....hopefully in Hawaii! LOL
Frank: Maliki tried.....and 18 of the Parliament members voted against this budget.....those 18 are supporters of Maliki.....those 18 have just marked themselves.
Also, I want to tell you.....we have a little small problem with Turkey.....it’s the ugly girl that goes to the prom and there are no other girls so every guy dances with her.
Turkey is not liked by the Middle East because they love our money – and they love our radars…especially our AWAC. So, Turkey is being bad again…the refugees finding solitude and comfort in Turkey…..they’re putting them back at the front to be sitting targets. Turkey is not helping with the removal of ISIS.
Because of that, we are powerful.....and whenever you go against us, I’m sorry there are consequences and usually they’re financial…so my opinion the planes we have which there are many – our air power supremacy.....we’re just going to take the airplanes back. Whaaaat? Yep.....there’s consequences.
Dismissed with a prayer.